Great to have you here, seema. Lets get straight to the Global Market picture this morning. Coming off a week of gains we saw over a percent of gains for the nasdaq last week, just under a percent for the s p and dow. Very thin volumes on the friday morning of trade and no trade on thanksgiving thursday. This morning we are expected to open a little bit higher but just fractionally. The nasdaq up 7 points the dow 6. S p up about 1. 5 . We didnt see that Much Movement last week compared to prior weeks, but in general its been a similar theme over the last two or three weeks, and that is a very flattening yield curve. Its going up and longer coming down on be the ten year at 2. 35 this morning. If we pivot to asia where stocks ended lower specifically in china down nearly 1 , this after notching its biggest one day fall in 17 months on thursday, a lot of traders are attributing this to fears in the bond market, the fact bond yields climbing above 4 in china last week, so clearly a situation that Global Investors are paying attention to. Hang seng down. 6 of a percent and the nikkei which has really been on a tear over the past two months slightly lower today but extending the losses from last week some of that having to do with a stronger yen today meantime, take a look at europe. Early trade there. You can see the stocks are not being impacted by what happened in asia. Right now we are higher across the board. French equity index up just about. 2 of a percent. Oil prices enjoyed an impressive week up nearly 4 they crossed 59 on friday they are below that level. Down half a percent. 58. 6 for wti the next target 60, hasnt crossed that level since june 2015 dollar board for you, the dollar was down a full 1 in the broader index. Its weaker again today. The euro had been higher but its just flattened off in the course of the last half an hour or so. It seems that its now flat 193. The dollar weaker against the yen. Bitcoin hitting a new record high it continues to plow through various targets, the latest being 9,400 where it sits just above this morning. Up 900 so far this year, wilfred. There seems to be this collective optimism around more Retail Investors getting in on bitcoin coin base which is the largest trading operator they published results or data that shows 11,000 accounts were made during the weekend. Following thanksgiving that a suggestion that more people are trying to get in all right. New this morning, publisher meredith is buying time, inc. , for 2. 8 billion Contessa Brewer is joining us with the results. These companies have held merger talks before, several rounds in recent years, but no deal emerged until now meredith will pay 18. 50 a share for time, inc. , which was spun off from time warner in 2014 the Company Publishes such wellknown magazines like time, Sports Illustrated and people. Meredith includes Family Circle, better homes and gardens both companies have really struggled to replace shrinking ad revenue meredith received 650 million in backing from the billionaire koch brothers. Charles and david koch are widely known for supporting conservative causes. They wont have any editorial influence here they say the magazine business is a good investment in a press release Koch Industries said it wont have a seat on merediths board and, again, wont take any influence or any editorial or managerial role here. Checking out some of the shares of time and meredith this morning, lets take a look at how theyre looking. Time, inc. , up 8. 5 . Were not seeing premarket trading on meredith but 61 a share. Youre looking at premiums on both of these stocks on the news, wilfred. Interesting given the fact that so many other wellknown magazines, playboy, newsweek are published online to see this big deal done in magazines contessa, thank you very much for that. Focusing to retail a strong start to the Holiday Shopping season. Adobe says consumers spent 4. 5 billion online some Analysts Expect today, cyber monday, to be the Largest Online shopping day in history cnbcs Courtney Ragan is live at an Amazon Fulfillment Center good morning, court. Reporter thats right. Amazon has a pretty high bar to beat prime day in july was actually amazons best day ever topping both cyber monday and black friday from the year before. So can they do it . Most people they think can emarketer says on an average day amazon gets 44 cents of every dollar thats spent online, but if you look across the board for all of ecommerce today, even on top of records for thanksgiving day and black friday, adobe still predicts today could be the best Online Shopping day in the u. S. In history at 6. 6 billion. Thats up about 16. 5 over last year one thing were going to be watching today is website performance. A lot of these retailers will stress test their website under very heavy traffic conditions and different kinds of checkout strain, but its not always enough to deal with traffic that could be potentially 30 times above whats normal. We know over the weekend h m. Com saw three different outages. Lowes was out for part of friday there were some reported checkout issues with macys online and thats in addition to the credit card processing issues that the retailer dealt with in its stores this over 1 million square foot facility here at amazon has over 14 miles of con veconveyor belt 5,000 employees, different robots and different robotics that help this to run 24 7 its already humming along it will be a big day here at amazons robinsville, new jersey, facility thank you so much lets continue the discussion. The First Official weekend of the Holiday Shopping season with the ceo of jay rogers. Good to have you on today. A pleasure to be here court any ju courtney told you the problem, amazon is winning. Theyre getting 44 cents of every dollar being spent online. This weekend sorry, seema. Go ahead. I was going to say, are there any winners then that will emerge from this Holiday Shopping season . Walmart is probably a winner. Youll find out they had a good weekend both online and in stores youll find other winners too. We know Department Stores did better than we thought they were going to well get good numbers out of macys despite the fact they had problems with their credit card processing well probably see good numbers out of kohls and pennys. Well find out that their growth online is seeing double digits as well. What about the luxury end of the market surprisingly, luxury hasnt been doing very well in the states and i think this weekend was probably the best luxury performance weve had relative to the rest of retail. I dont think anybody saw that coming either. And i think the other thing that happened was even though online was really, really good, we probably saw pretty close to flat maybe only slightly down traffic, which is pretty good considering what weve been seeing in the business so this is going to be one heck of a good weekend. We probably will hit that 4. 2 number of growth ive been saying for the holiday season, and i dont think anybody thought more than 3 point be point 6 to 4 when we were coming in. This weekend didnt do anything to tell anybody it wasnt going to go in now we get to the big sag and towards christmas they will be nervous about the business the 22nd, 23rd will be probably the two biggest selling days for brick and mortar and probably in total. It will be interesting to see how the day goes i have been expecting see cyber monday fall to black friday and black friday would get to be bigger it doesnt look like its happening this year after all unless today turns out to be disappointing. Nothing says its going to be disappointing. Adobe didnt have very good projections out there. We are moving to the point where cyber monday becomes a lot less important and the whole structure of black friday but there is a theory with consumers moving online that cyber monday sales would potentially eclipse black friday sales. I dont think thats going to happen from the point of view of total sales. Cyber monday is made up. Its like black friday thanksgiving. We made up cyber monday because everybody had Fast Internet Service at their office. You dont need that anymore. It will become less important than more important. Quickly, you mentioned clearly amazon is a big winner you also think walmart i also think walmart. I think we saw some pretty Good Business in some of the mallbased stores which we wouldnt have seen william so noma did well. It will be interesting to see what saturday really turns out to be, the Small Business component of it. We know local was really, really important. People wanted to shop near their homes and shop in local stores it will be interesting to see how well that really did i think thats ultimately going to be a big one. Thank you for joining us. Wall street look for new home sales tomorrow the home sales price. Thursday personal income, chicago pmi. On friday its the ism manufacturing index. So a big week ahead. Still ahead on Worldwide Exchange, ireland on the brink crucial brexit talks were live in dublin with the latest. Maker drama in d. C. Over who will head up the nations top consumer watchdog. Were live with that stick around, Worldwide Exchange will be back cannot live without it. So if you cant live without it. Why arent you using this guy . It makes your wifi awesomely fast. No. Still nope. Now were talking it gets you wifi here, here, and here. It even lets you take a time out. No no yes yes, indeed. Amazing speed, coverage and control. All with an xfi gateway. Find your awesome, and change the way you wifi. Exciting announcement. The expected spring of 2018 the last Royal Wedding was april of 2011. If youre just waking up, lets get you up to speed on the market action. Negative day for asian equities. Heres a look at how u. S. Equities are potentially fairing here waiting for the markets to open. Dow up just barely 1 . Nasdaq up 6. Trade in europe, youll see its basically a positive day with the ftse 100 up by almost. 2 points were keeping a close eye on whats happening in ireland. Cnbcs willem marks is live in dublin with more on that good morning, willem. Reporter good morning, wilfred. The Main Opposition Party has been threatening to file a no confidence motion in the Prime Minister here. Theyre saying that if that was to happen, he would have to dissolve the Minority Coalition government that he runs here and that, of course, is major, major, major information putting them back from a brexit decision they hope they can continue on to talk about their future trading relationship with europe one of the sticking points is the irish. We had a moment to sit down with the finance minister paschal donohoe. Heres what he had to say. Our mandate is absolutely clear. We have a position on National Interest that has very, very large support. Our mandate is clear its robust on this matter and all Political Parties in our parliament are very clear on how significant these issues are reporter and, guys, last night i was talking to the opposite party member leadership talking late into the night about trying to find an agreement whereby they could solve this political crisis around the Prime Minister. Those talks will continue presumably up until tuesday night when that no confidence motion can be tabled. Willem marx live in dublin. Lets continue the discussion as it relates to markets. Strategist at jpmorgan joins us. Good morning, nandini. The picture in europe does continue to have some political question marks over it, particularly germany and ongoing uncertainties over brexit negotiations indeed. Actually, 2017 has been a huge year for politics in the european region, the eurozone with german elections, spanish, catalan referendum the overarching story in brittain the markets seem resilient german equity markets have remained strong. At the end of the week last week they were hitting higher numbers than before. It looks like markets are paying attention to the fundamentals. Equally last week we had the iphone number in germany come out with one of high phone readings, Consumer Confidence hit 2,000 in the eurozone. Thats good news as well as the bad news so to speak. What are your thoughts, nandini, about whats taking place in asia, specifically in china . That selloff continues whats behind it well, i mean, a lot of things as the asian markets and emerging markets as a whole have been having a great run this year so far. You do see sometimes in a sense of nervousness investors pulling back chinese policy, debt policy as well last week we see investors feeling a bit nervous about china. Overall for the long term we do still believe emerging markets particularly the asian ems do have a lot to give in terms of being the forefront of technology, ecommerce that can come from china in particular as well as just this new middle class thats rising particularly in chien in th in china that produces medium gains. Oneday losses are tough were monitoring those very closely, but for the long term its not a reason to pull back our exposure to the emerging or chinese space. Nandini, whats your view on the u. S. Economy and in particular how the data might contradict the messages coming from a flattening yield curve . Yes, the flattening yield curve talk is very much on the minds of everyone in the past few weeks and certainly as we go into the next few weeks. The data seems to be great in the u. S. , right . Gdp, pmi, ism, all the confidence indicators ticking higher and higher. Unemployment continuing to fall. The big challenge and question for economists why isnt wage growth rising . With unemployment falling, youd expect wage growth to be higher. With that, the fed, are they not raising rates fast enough. We dont actually believe that the yield curve will steepen or in fact flatten to a point thats too negative for markets. We actually believe that given other global Monetary Policy forces, the fact that japan and the ecb are going to continue on their supportive Monetary Policy stances makes the fact that the yield curve wont flatten as much as is necessarily the fear going forward. So we actually dont take the flattening that were seeing currently as something to be necessarily a red flag for u. S. Markets, u. S. Economy and certainly not u. S. Equities going forward. In a word basically, our recession risks are quite low in the u. S. Nandini, of jpmorgan. The pig excuse me the big struggle in d. C. Over whos in charge of the nations top consumer agency. Were live in washington when Worldwide Exchange returns no matter how the markets change. At t. Rowe price. Our disciplined approach remains. Global markets may be uncertain. But you can feel confident in our investment experience around the world. Call us or your advisor. T. Rowe price. Invest with confidence. Your bbut as you get older,ing. It naturally begins to change, causing a lack of sharpness, or even trouble with recall. Thankfully, the breakthrough in prevagen helps your brain and actually improves memory. The secret is an ingredient originally discovered. In jellyfish. In clinical trials, prevagen has been shown to improve shortterm memory. Prevagen. The name to remember. Were back lets get you up to speed on the market futures are pointing fractionally higher as we span 6 points on the dow. Nasdaq up 2. We gained over a percent for the nasdaq, just under a percent for the s p and dow. In political news there is a big power struggle at the nations Top Consumer Watchdog AgencyKayla Tausche live in washington with those details good morning, kayla . Reporter good morning, seema. There is a legal saga over who will lead the Consumer FinancialProtection Bureau following director richard cordreys leaving on friday. The white house used a different statute to appoint mick mulva y mulvaney that led english to sue to keep him from taking the job today. Someone has to assume the management of the agency it has 1600 employees and a 600 million budget senior white house official says mulvaney is the only one with that Authority Office of white house Legal Counsel points to an obama level opinion says its authority supersedes that of dodd frank. The case its pointing to took nearly three years to reach that conclusion one simple solution would be to appoint a permanent director a decision is close but it would still be months before that person would take Office Democrats in droves threw their support behind english President Trump tweeted calling the bureaus leadership a, quote, total disaster that in his words has devastated banks now we wait to see whether the white house will move to freeze any forthcoming fines or actions by banks like those against the auto lending practices of sonton derras. The feud between parties shows an already bitter relationship between republicans and democrats. They have to raise the debt ceiling and avoiding Government Shutdown requires bipartisan support. Tax reform is a priority for the gop. Trump will meet with leaders from both parties tuesday. Well see whether they can find any common ground, seema, on the cfpb issue or any of the long todo list. The long focus is whos going to be next what are people saying about how richard handled this on his way out . Hes someone who has political ambitions himself. We are awaiting whether he will, as expected, enter the e frey of governor of ohio the whit